CRA Sunshine Requirements

The address where parties should mail copies of covered agreements or lists of agreements made in fulfillment of the Community Reinvestment Act of 1977 and outlined in the disclosure requirements contained in the final regulations implementing the CRA Sunshine Requirements is:

Regulatory History

On December 21, 2000, the Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision approved final regulations implementing the CRA Sunshine Requirements of the Federal Deposit Insurance Act (FDIA), which were enacted by the Gramm-Leach-Bliley Act. The joint final rule was published in the Federal Register on January 10, 2001, and took effect on April 1, 2001. See also FIL-10-2001

Disclosure Requirements

The new FDIA provisions require nongovernmental entities or persons (NGEPs) and insured depository institutions and affiliates that are parties to certain written agreements made in fulfillment of the Community Reinvestment Act of 1977 (CRA) to make the agreements available and to file annual reports about the agreements. The final rule identifies the types of written agreements covered by the statute by defining critical terms, describes how the parties to a covered agreement must make it available, and specifies the information to be included in the annual reports.

When the FDIC is a relevant supervisory agency for a covered agreement, the parties should mail copies of covered agreements or lists of agreements (per the disclosure requirements) and annual reports to the address indicated above.